Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

These Are the 5 Worst Assets to Inherit!

September 27, 2023 · Retirement Life
worst assets to inherit
Photo by SolidMaks from Shutterstock

1. Guns

These items are hard to pass from one person to another, and because of this, they are some of the worst assets to inherit. The rules are different from state to state, and usually, you can’t hand it over if the other person doesn’t have a permit.

For instance, in New York, a decedent’s executor is not subject to criminal prosecution for as long as 15 days while in possession of the decedent’s firearms. This is considered to be a very short window of time. We say this because, in this time frame, the will doesn’t even have time to go through probate.

Typically, the executor or the heirs will contact the police to inventory and hold the firearms for up to a year while the will is being probated. The police have to take the guns because the heirs are not allowed to carry the firearms themselves.

Also, keep in mind that the hairs can’t keep the guns if they were not registered or properly registered by the decentes during their lifetime. That means the heirs will need to abandon them. This applies to fully automatic weapons, shotguns, or short-barreled rifles.

So, if you would like to let members of your family inherit guns, you better start preparing because they might need to have a firearm permit in order to accept them. Check out the laws at the National Rifle Association Institute for Legislative Action or the Giffords Law Center to Prevent Gun Violence.

Pages: 1 2 3 4 5 6

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • social security numbers, downside
    When Will Your Social Security Checks Arrive? (What Beneficiaries Should Know)
  • Things Seniors Should Always Get from Costco
    8 Kirkland Products That No Longer Feel Like a Costco Bargain
  • medicare
    Medicare Costs Are Rising in 2026 — Here’s What to Expect
  • save money on healthcare
    Could You Qualify For the New $25,000 Health Care Tax Deduction Coming in 2026?
  • Medicare open enrollment
    Missed the Medicare Deadline? Your Options Aren’t Over Yet
  • stimulus check
    Trump Promises $2,000 Tariff Checks: Could You Qualify?

Related Articles

retire

Never Retire in These 5 States!

West Virginia The Mountain State is for sure a beautiful place with all its rolling…

Read More →
retire

Here’s Why Your Parents Retired More Easily Than You Will

We live more In 1935, an average 65-year-old senior is expected to live 12 more…

Read More →
affordable check

8 Unique and Affordable Places to Retire

1. Tulsa, Oklahoma The key to a happy retirement is to live comfortably, and that…

Read More →
retirement investment

Retirement Investments: 5 BEST Things You Can Do With Your Money Now

Do not fall behind! Make these retirement investments while you still can! A lot of…

Read More →
states

Retirees Love These 7 States The Most! Do You?

1. Florida Basically, Florida is incomparable with other states because it has the highest concentration…

Read More →
retirement

2026 Social Security Updates: How These Changes Could Affect Your Benefits and Taxes

1. 2026 Social Security COLA: Modest Increase Ahead The Social Security cost-of-living adjustment (COLA) for…

Read More →
Retirement Town check

7 LEAST Expensive Retirement Towns in America

Sebring, FL Average home list price: $180,100 Percentage of residents aged 60 and up: 40.8%…

Read More →
retirement discounts credit score

Save More With These 10 Senior Discounts This Year!

There are so many discounts available nowadays to seniors. Retirees can oftentimes receive all kinds…

Read More →
Energy Boosting Tip

8 Genius Energy-Boosting Tips for Seniors Who Are Over 60

Ready to revitalize your zest for life? Get ready to discover a treasure trove of…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Terms and Conditions
  • Privacy Policy
  • Do not sell my personal information
  • Subscribe
  • Unsubscribe
  • Contact
  • CA Privacy Policy
  • Request to Know
  • Request to Delete

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2025 Retired in USA. All rights reserved.